Sunac China Extends Debt Restructuring Deadline Amid Strong Creditor Support

The latest update is out from Sunac China Holdings ( (HK:1918) ).

Sunac China Holdings Limited has announced an extension of the deadline for its offshore debt restructuring process. The company has received support from holders of approximately 83% of its existing securities and 74% of its existing debt, who have agreed to the restructuring support agreement (RSA). The extension, requested by certain creditors, moves the Base Consent Fee Deadline to June 20, 2025. This extension aims to allow more creditors to complete necessary internal procedures and accede to the RSA, potentially stabilizing the company’s financial position and reassuring stakeholders.

The most recent analyst rating on (HK:1918) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunac China Holdings stock, see the HK:1918 Stock Forecast page.

More about Sunac China Holdings

Sunac China Holdings Limited is a real estate development company incorporated in the Cayman Islands. It primarily focuses on residential and commercial property development in China, positioning itself as a significant player in the Chinese real estate market.

Average Trading Volume: 234,279,063

Technical Sentiment Signal: Sell

Current Market Cap: HK$14.79B

For an in-depth examination of 1918 stock, go to TipRanks’ Stock Analysis page.